Point72 Asia Singapore Pte. Ltd. Invests $27,000 in Urban One, Inc. (NASDAQ:UONE)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,801 shares of the company’s stock, valued at approximately $27,000.

Separately, Atlas Merchant Capital LLC boosted its position in shares of Urban One by 5.1% in the second quarter. Atlas Merchant Capital LLC now owns 200,000 shares of the company’s stock valued at $398,000 after acquiring an additional 9,764 shares during the period. 8.23% of the stock is owned by institutional investors and hedge funds.

Urban One Trading Down 6.8 %

UONE stock opened at $1.64 on Wednesday. Urban One, Inc. has a 52 week low of $1.63 and a 52 week high of $6.05. The company has a market capitalization of $79.43 million, a PE ratio of 9.65 and a beta of 0.87. The company’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.10. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77.

Urban One (NASDAQ:UONE) last announced its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $117.74 million for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

Insider Buying and Selling at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the sale, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 29.54% of the company’s stock.

Urban One Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.